Crypto Comparison Charts
Bitcoin
Litecoin
Steem
Ethereum
I put all of these 7 day charts up just to make a comparison, all of them follow about the same pattern, actually nearly all cryptos are following the same pattern, but you can see that percetage wise Steem is the coin that has increased it value the least. I wonder why this could be? Yesterday I thought we were going full steem ahead but today we are down again. And then yesterday I learned that no one is mining Steem any more, so we are stuck with the Steem that is available, at least that is what I was lead to understand. That means that the more people who join Steem the less Steem will be available per individual, so I guess making money on Steemit will become harder every day.
I'd put money in any of those crypto. any of those will double in the next year
No. STEEM will not double in the next year. Ethereum might, just because it went down as much as it did and might enjoy surprises.
Bitcoin and Litecoin probably have the best fundamentals being deflationary currencies, but I feel like while they may have some upside remaining in the near future and of course in the next few years, having an immutable blockchain that keeps growing, and being virtually not fungible (in Bitcoin's case, due to its higher fees) in real value terms, are bad fundamentals that unless changed, are going to hurt some Bitcoin holders.
Litecoin is less safe than Bitcoin, so I read, but is more fungible (lower fees) for everyday transactions.
Ethereum IDK if inflationary or not, I want to know.
Regarding STEEM, there were quite a few users here warning about the misdeeds and flaws of Steemit and its developers and management, and see how they are mostly ignored, and this is why Steemit's problems are going to be felt more, and STEEM will decline more, with a few spikes due to the crypto bubble and a few suckers being suckered in.
In principle, forks and ICOs are bearish for cryptos, except from their added publicity/hype factor.
thanks for share
Lots of power down going on. Also steem has always shown to have its own way of performing and has not been tracking along with the market much.
Steem also has a real economy that likely is the feason why this is IMHO.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by gduran from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.
This post has received a 0.63 % upvote from @drotto thanks to: @banjo.
I hadn't heard about the mining, any idea why it's slowed down?
No idea, I just read about it yesterday.
We think alike! Upvoted!
My analysis recently nailed the Bitcoin bottom and current rally. Now I'm calling for a Bitcoin top, read more about it: https://steemit.com/bitcoin/@haejin/bitcoin-top-is-approaching-usd3-800